Tenant Broker’s Perspective: office buildings being demolished or converted to residential are driving up rental prices at 505 Park Avenue. This trend is projected to continue. Opportunities for subleases remain available at 505 Park Avenue and in the nearby Plaza District neighborhood.
Located in the Lenox Hill neighborhood of Manhattan, 505 Park Avenue is a prominent office building with a rich history.
Year Built: 1949
Building Class: Office Only with or without Commercial - 20 Stories or More (O4)
Stories: 21
Total Square Feet: 220,510
Lot Size: 10,543 square feet
Neighborhood: Lenox Hill, Manhattan
Zip Code: 10022
505 Park Avenue is a significant part of Manhattan's commercial landscape, offering a blend of historical charm and modern functionality.
505 Park Avenue, New York, NY 10022
Alternate Addresses:
101-109 E 59th St, New York, NY 10022
503-509 Park Ave, New York, NY 10022
Neighborhood: Lenox Hill
Year Built: 1949
Number of Stories: 21
Total Square Feet: 220,510
Property Type: Office
505 Park Avenue Amenities
On-site Restaurant
Convenient Parking
Exclusive Meeting Spaces
High-Speed Internet
Dedicated IT and Telecom Support
Fully-Equipped Kitchen
Daily Cleaning Service
Energy Star Certified
Property Manager on Site
Bus and Subway Access Nearby
505 Park Avenue, located in the Plaza District of Manhattan, NYC, has notable office tenants who have rented or leased space in the building. Some of these tenants include:
Olayan America Corporation, which leased 39,300 square feet.
Loeb Block & Partners LLP, which leased 26,275 square feet.
Internet Providers at 505 Park Ave, Manhattan, NYC:
Verizon Fios: Known for high speeds up to 2 Gbps and reliable service.
Astound Broadband Powered by RCN: Offers both cable and fiber services with unlimited data.
Spectrum: Provides cable internet with speeds up to 1 Gbps and widespread availability.
505 Park Avenue is located in Manhattan, NYC, offering convenient access to various transportation options.
Nearest Subway Stations:
5 Av/59 St - 1 min walk
Lexington Av/53 St - 4 min walk
51 St - 5 min walk
Lexington Av/59 St - 7 min walk
Nearest Bus Stops:
Madison Av / E 54 St - 2 min walk
Madison Av/E 53 St - 3 min walk
Madison Av/ E 55 St - 3 min walk
Madison Av/E 56 St - 4 min walk
Nearest Train:
PATH (33rd Street)
Cross Streets:
East 59th Street
East 53rd Street
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Optimal Spaces can help you turn critical and complex real estate issues into opportunities for growth and or cost reduction.
We offer the experience, know-how, and the strategic planning that helps lead to better decisions. Virtually everything you need to enhance the value of your business (for profit and not for profit) , you will find at Optimal Spaces.
About Optimal Spaces Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
Commercial space for lease
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
